CHINA'S President Xi Jinping personally decided to pull the plug on Ant Group 's US$37 billion initial public offering ( IPO ), the Wall Street Journal reported on Thursday, citing Chinese officials with the knowledge of the matter. Read more at The Business Times.
Tell us what you think. Email us firstname.lastname@example.orgThe Information Office of the State Council, China's Cabinet, could not be reached immediately for comment.Mr Ma had told a summit in Shanghai on Oct 24 that the regulatory system was stifling innovation and must be reformed to fuel growth.
Earlier this month, Reuters reported the speech set off a chain of events that torpedoed the listing of Ant.Soon after Mr Ma's scathing speech, state regulators started compiling reports including one on how Ant had used digital financial products like Huabei, a virtual credit card service, to encourage poor and young people to build up debt.
The general office of the State Council compiled a report on public sentiment about Mr Ma's speech and submitted it to senior leaders including President Xi, Reuters had reported. REUTERSREAD MORE:BT is now on Telegram! Read more: The Business Times »
Singapore sees ‘several important lessons’ from Tan Tock Seng Hospital COVID-19 cluster
SINGAPORE: Singapore has learnt 'several important lessons' from the COVID-19 cluster at Tan Tock Seng Hospital (TTSH), among them - that the ...
World can count on China to meet carbon pledge, says Xi JinpingChina will fulfil its pledge to achieve carbon neutrality before 2060.. Read more at straitstimes.com.
Xi Jinping slept here: Iowa house, once a symbol of US-China optimism, weathers tougher timesThe nondescript suburban house, once a symbol of warming US-China ties, sits untended and empty in Muscatine, Iowa. Its deck is in need of paint, its foundation mildewing, shutters fading, and decorative flags torn and discoloured.The modest community of 24,000 people has enjoyed an unlikely role in trans-Pacific diplomacy since the locals realised that a junior Chinese party official who homestayed there in 1985 had gone on to become China's president.'This house is emblematic of the US-China relationship. It went from pristine, a showcase, to where it is now, just sitting there. It has the feel of a house slipping,' said Gary Dvorchak, in whose Star Trek-themed bedroom Xi Jinping slept during a two-week visit as part of an agricultural delegation from northern China's Hebei province.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.Bilateral prospects looked far brighter in 2012 when Xi - then Chinese vice-president and heir apparent to the leadership - returned and made a detour to Iowa on his first US state visit, voicing optimism that cooperation between the two countries was on a 'course that cannot be stopped or reversed'.A Washington Post headline read: 'Xi visits Iowa, where the diplomatic equivalent of love is in the air'.China's then vice-president Xi Jinping presents the granddaughter of his old friend Sarah Lande with a panda doll in Muscatine, Iowa, the United States, on February 15, 2012. Photo: Xinhua alt=China's then vice-president Xi Jinping presents the granddaughter of his old friend Sarah Lande with a panda doll in Muscatine, Iowa, the United States, on February 15, 2012. Photo: XinhuaFeeling that love - and imagining Muscatine as a prime tourist attraction for Chinese bused in from Chicago, possibly paired with a casino stop - investor Cheng Lijun bought the house at 2911 Bonnie Drive in 2013 for US$180,000, renaming it the 'Sino-US Friendship House'.Doubling down, he also invested in horrible yellow bear !!!
Xi says China ready to boost global Covid-19 vaccine cooperationChina has five home-grown vaccine candidates undergoing Phase III trials.. Read more at straitstimes.com. I would anytime choose to take Sputnik V even with harsh peer reviews at least I know what I’m getting myself into than taking China vaccines when the reviews will always be suppressed or been paid to make it sound reliable and credible Boost vaccine cooperation? When china communist bandit do not want to (or maybe dare not to) even share clinical and test data, can they be trusted on any 'cooperation'? I'd be very, very careful with this. China's track record with respect to relations with neighboring countries as well as those across the globe haven't been the win-win that was promised. This will not be any different.
World can count on China to meet carbon pledge, says XiChinese President Xi Jinping on Tuesday said China would step up its efforts to peak carbon dioxide emissions by 2030 and fulfil its pledge to ... That's a relief Does that mean China will stop opening new coal power plants?
Xi says China ready to boost global COVID-19 vaccine cooperationPresident Xi Jinping said on Saturday that China is ready to step up global COVID-19 vaccine cooperation, and called for better international ... China has vaccine? Trust China vaccines ? No way! ChinaLiedPeopleDied Yup. Most stuffs r made in china. Virus from china. 'Vaccine' also from china.